The Organization of the Petroleum Exporting Countries, OPEC, announced in its monthly report that Saudi Arabia increased oil production in October to the highest level since February.
The world's largest crude oil exporter told OPEC it produced 10,563 million barrels of crude oil per day in October, a significant increase compared to 8,372 million barrels in September.
This was the highest production rate since February 2026, before the US ground attack and Israeli prisoners to Iran. At the same time, Saudi Arabia produced 10,882 million barrels per day.
According to this report, the largest group of oil producers, known as "OPEC Plus", also increased their production in October.
According to the data, the production of this group reached more than 41 million barrels per day, which shows an increase of 2.04 million barrels per day compared to September.
📷 Reuters